Market News Top 10 News Bank NPAs Could Rise To 9.8% in March 2022, says RBI – Top Indian Market News Bank NPAs could rise to 9.8% in March 2022, says RBI The Reserve Bank of India (RBI) has said in its Financial Stability Report that Non-Performing Assets (NPA) at Scheduled Commercial Banks (SCBs) could rise to anywhere between 9.8% to 11.2% by March 2022. The Gross NPA ratio for SCBs stood at 7.4% in March […] Written by Cherian Varghese July 2, 2021July 2, 2021
Market News Top 10 News Kalyan Jewellers Reports 54% YoY Rise in Net Profit in Q4 – Top Indian Market News Kalyan Jewellers Q4 Results: Net profit rises 54% YoY to Rs 74 crore Kalyan Jewellers reported a 54% YoY increase in consolidated net profit to Rs 73.9 crore for the quarter ended March (Q4). Its revenue from operations rose 42.78% YoY to Rs 3,050.60 crore during the same period. For the financial year ended March […] Written by Cherian Varghese May 27, 2021May 27, 2021
Editorial Banks Q4 Results, NPA Bomb and More… In November 2020, we at marketfeed talked of an NPA or Non-Performing Asset time bomb which might go off around this time, sending banks into a pool of bad quarterly results. You can check out the article over here. During the first wave of COVID-19, when businesses took a hit, the Supreme Court had asked […] Written by Maarg Vaidya May 6, 2021May 6, 2021
Editorial Explained: RBI Governor Shaktikanta Das’s Speech The Reserve Bank of India(RBI) Governor Shaktikanta Das’s speech yesterday came as a shock since it was at such short notice. While things around the country seem gloomy, the announcements made by the RBI Governor were a ray of sunshine. This is not only for the small and medium enterprises that have suffered due to […] Written by Maarg Vaidya May 6, 2021May 6, 2021
Editorial What are New Umbrella Entities? Why are Tata to Reliance Interested in it? As India moves towards building an extensive digital society, there is a requirement for multiple players to be involved. The RBI has run many experiments in the digital payments space in India, including licensing exclusive payments banks and setting up white-label ATMs. They have now come up with a new concept— New Umbrella Entities, which […] Written by Cherian Varghese April 3, 2021April 3, 2021
Market News Top 10 News SEBI Slaps Rs 1 crore Fine On HDFC Bank – Top Indian Market News SEBI imposes Rs 1 crore penalty on HDFC Bank in BRH Wealth Kreators case SEBI imposed a penalty of Rs 1 crore on HDFC Bank for invoking securities pledged by stockbroker BRH Wealth Kreators, in violation of the regulator’s interim directions. The bank has also been directed to transfer Rs 158.68 crore along with 7% […] Written by Cherian Varghese January 21, 2021January 21, 2021
Trending Reliance Loses Crown To HDFC Bank in the NIFTY 50 In other news, Reliance Industries Limited (RIL) has lost its position to HDFC Bank in terms of weightage in the NIFTY 50. HDFC Bank stocks have been rallying despite an RBI report on a possible spike in Gross NPAs. What led to the events? Let’s find out. Written by Maarg Vaidya January 13, 2021January 13, 2021
Editorial Ex-RBI Governor’s Warning on RBI Report Explained The Internal Working Group's suggestion of allowing large corporates to enter India's banking sector has been termed as a 'very bad idea'. Find out the concerns put forth by our former RBI Governor, as well as S&P Global Ratings on how such a move could harm India's banking sector. Written by Cherian Varghese December 1, 2020December 1, 2020
Market News Top 10 News Apple Contract Manufacturer to invest Rs.1100 crores in India – Top Indian Market News Apple Contract Manufacturer to invest Rs.1100 crores in India Apple’s second-largest contract manufacturer, Pegatron, has approved an initial investment of Rs 1,100 crore to set up manufacturing facilities in India. It is expected to begin operations by the end of next year. Apart from Pegatron, the other two manufacturers Foxconn and Wistron have already set […] Written by Maarg Vaidya November 23, 2020November 23, 2020
Market News Top 10 News Reliance Retail Completes Fundraising From 10% Stake Sale – Top Indian Market News Reliance Retail completes fundraising of Rs 47,265 crore from 10.09% stake sale Reliance Retail Ventures Ltd.(RRVL) said that it has raised Rs 47,265 crore by selling 10.09% stake to multiple investors. According to an official release from RRVL, the company has completed the current phase of partner induction and fundraise exercise. The investors include Silver […] Written by Cherian Varghese November 19, 2020November 19, 2020
Editorial Lakshmi Vilas Bank Is Sinking. RBI Comes To Its Rescue The Lakshmi Vilas Bank(LVB) has been a troubled-child for the Reserve Bank of India(RBI) since last year. The bank currently faces a liquidity crunch. It’s poor performance, constant losses, rising bad debts, and bad liquidity have brought it close to the edge of a cliff. Eventually, the RBI had to come to its rescue. You […] Written by Maarg Vaidya November 18, 2020November 18, 2020
Market News Top 10 News Pfizer’s Covid-19 Vaccine 90% Effective in Phase 3 – Top Indian Market News Covid-19 vaccine 90% effective in Phase-3 trial: Pfizer Pfizer, the US-based pharmaceutical firm, has stated that its vaccine was 90% effective in preventing Covid-19 infections in ongoing Phase-3 trials. The vaccine candidate is jointly developed by Pfizer and BioNTech. Pfizer has also stated that it expects to supply up to 50 million vaccine doses globally […] Written by Cherian Varghese November 9, 2020November 9, 2020
NSE VS BSE | How NSE Beat BSE to Become India’s Top Stock Exchange Stock exchanges are the powerful platforms or marketplaces that allow us to invest or trade in securities. Most beginners in the stock market have a doubt regarding the exchange they should transact in— whether it should be BSE or NSE. In this article, we dive into the two prominent stock exchanges of India. We shall […] Written by Cherian Varghese July 20, 2021July 20, 2021
Tatva Chintan Pharma Chem IPO: All You Need to Know Another day, another IPO! Tatva Chintan Pharma Chem has launched its three-day initial public offering (IPO) today— July 16. It will be the fourth public issue to hit the markets this month. Let us learn more about the company and its IPO. Company Profile – Tatva Chintan Pharma Chem Tatva Chintan Pharma Chem Limited (TCPC) […] Written by Cherian Varghese July 16, 2021July 16, 2021
The Shale Oil Revolution: An Alternative To Conventional Crude Oil? Petrol and Diesel in India have crossed Rs 100/litre. Crude oil is getting expensive and with prices refusing to fall, global oil-producing countries like Saudi Arabia, UAE, Russia, etc. are involved in a deadlock. While oil prices are in dismay, an alternative source to conventional crude oil is thriving in the US. It is the […] Written by Maarg Vaidya July 15, 2021July 15, 2021
